Ferrosilicon Market Report June 2015
2015-07-20 18:19:49 【Print】
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The Chinese ferrosilicon prices showed upward tendencies in June
. As traders stored ferrosilicon together in May, the plants’ spot inventories were limited and they focused more on arranging delivery for the contracts signed in the previous month . Producers raised their offers sharply and consumers were forced to accept higher prices . Up to the end of June, figures for ferrosilicon 72%min increased by around 4 . 34% from early the month, and those for ferrosilicon 75%min went up by about 2 . 98% . Meanwhile, along with the increasing domestic prices, exporters raised their quotations accordingly . As overseas buyers usually signed the Q3 purchasing contracts in June and the checking through China-Vietnam borders was strict, the Chinese ferrosilicon export market became more active.